The document discusses key concepts related to local development including: - Local development is defined as a process that transforms the economy and society of a territory to improve the living conditions of the local population. - It involves five dimensions: political, economic, social, cultural, and environmental. Local development aims to organize development at a human scale while respecting local identities and cultures. - Strategic management of local development involves tools like strategic planning, development plans, projects, and programs to guide the process. It requires participation from local governments, institutions, and actors. - Key elements include the territory and its people, the local economy, society and identity. The goal is endogenous development that valorizes local human and social capital